anything under 7 cheap cheap cheap. good div. just paid. chart looks sick

Today ain't the crucial fall yet.

wheres sub 200p hyleo??

I think hlyeo was a little optimistic thinking he could purchase sub 2..I am privy to a stores weekly figuresyou are a long way out mate.just purchased max..shares on wifes share save schemes.20% discounted on close of todays price locked in for 3-5 years + bonus.along with thousands of other staffthats a lot of stock!.. retail confidence knocking SP more than store performances.

see Supermum's analysis in todays traders' thread.

I note also that shares rag calls it as a short.

Me? mildly long with a tight stop.

Huge % rise last weekprofit taking for sure this week.but a good stock to hold for the future 2 years +

Put these in my "dog" portfolio on 31.10.08 along with LGEN , BT.A and VOD based on my estimate of divi for coming year.

Sunday mail added 3 of them to their "dog" portfolio yesterday I think , these being one of them.

Tabby , shares purchased via the share purchase scheme are tiny in the overall scheme of things.

Dilthere are a good few staff purchased maximum shares todayprevious option prices on the sharesave were so high compared to SP.they were all cashed in.there are an unbelievable amount of staff on max. today.

I'm out

Sorry to hear you are out Gausie 2-26 I see at presentI wonder if that is going to be a good call?.lets make a note of it anyway.

tabby I don't know what 2.26 has to do with anything.

I got out at 234 and I dont give a toss where it goes from here - I'm out for a small profit and happy.

I reckon 2.40 will prove resistance for a while - I may go short with a tight stop if it pops its head above that level.

i reckon WPP is one of the safest short bets even though sp is close to its low ..... advertising, especially of the traditional sort, is guaranteed to have a really rough time in any downturn, let alone something as scary as the present horror story

Cynic - agreed, however it's difficult to set a stop and a target - and so difficult to plan the trade. How have you addressed it?

i use CFDs, so not difficult ..... WOS is probably still worth a short too

Also use cfds - what difference does that make? Still need to plan the trade then trade the plan!

thought for the day on the WPP thread!

I am convinced they are heading to 170p.

you could easily be right, especially once/if 200 is broken ..... unless the "fiscal stimulus" is so exciting that there is a sudden reversal ...... (temporary) cut in VAT might have that effect

With a market cap of 3.2billion what are the chances of a bid after Christmas?

why should there be?

cynic we have been here before with MKS sp, with all the promised tax cuts and easier money supply coming over the horizon there are plenty of cash rich predators sitting on the sidelines ready to pounce, even Phil Green might be tempted again but at this moment 3.5 might do it rather than his last offer of 4.